The streaming platform (+10.91%) has returned to profitability, posting a net income of 8.5 million euros for 2025, compared to a 26 million euro loss a year earlier, driven by margin expansion and provision reversals.
Adjusted EBITDA reached 9.7 million euros as of December 31, 2025, compared to a 4 million euro loss the previous year, representing a 13.7 million euro improvement. This marks the first time Deezer has achieved full-year profitability.
Adjusted gross margin rose to 135.5 million euros (+1.3%), supported by white-label offerings and optimized agreements with record labels. The margin reached 25.4% across all segments, while the partnership margin stood at 21.7%, a slight increase.
Consolidated revenue came in at 534 million euros, compared to 541.7 million a year earlier, representing a 1.4% decline at current exchange rates and 0.3% at constant currency, in line with targets.
Deezer enters 2026 with a profitable model and intends to pursue its strategy focused on subscriber growth, the development of profitable B2B operations, and artist monetization.
The group, which will publish its first-quarter 2026 revenue on April 23, is targeting stable revenue while maintaining positive adjusted EBITDA and free cash flow through a balance of targeted investments and financial discipline.
Deezer is one of the world's largest independent music experiences platforms, connecting fans with artists and creating ways for people to Live the music. The company provides access to a full-range catalog of high-quality music, lossless HiFi audio and industry-defining features on a scalable platform available in 180+ countries.
By building strategic partnerships in key markets across Europe and the Americas, Deezer keeps delivering brand value and end-user engagement across a wide variety of industries, including telecommunications, media, audio hardware and e-retail.
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